Wealth in Australia Market Report: JSBMarketResearch
Compared to previous years, the Australian Wealth Market expanded at a slightly lower (but
still impressive) rate in 2015, with economic concerns having a negative effect
on performance. Weak equity market conditions and economic growth are also
expected to contribute to lower growth in 2016, before the market bounces back
in the following years thanks to returning economic strength. Between 2015 and
2019 liquid assets held by affluent individuals are forecast to record a
compound annual growth rate (CAGR) of 8.5%, representing a sizable opportunity
for wealth managers operating in the country. Yet there is notable regional
disparity within Australia in terms of wealth distribution; while the east
accounts for the majority of assets, growth is typically found in the capital
state and the north.
- At the end of 2015, of the approximately 17.9 million adults
living in Australia, 26.1% (or 4.7 million) could be considered affluent.
- While expanding at a slightly slower pace than in previous years,
wealth market growth in Australia still dwarfed other developed markets in
2015, and wealth held by affluent retail investors is forecast to record a CAGR
of 8.8% between 2015 and 2019.
- While Australians stock market struggled in 2015, generous
dividend payouts and a friendly tax system have seen retail equity holdings
growth outperform the local stock market index.
- Australian HNW individuals are heavily exposed to property in
their non-traditional investments, and despite a slight rise in interest rates
for investors appetite for real estate is forecast to remain strong.
Wealth in Australia: Sizing the Market Opportunity analyzes Australians
wealth and retail savings and investments markets, with a focus on the HNW
segment. The report is based on our proprietary datasets.
Read full
Report @ http://www.jsbmarketresearch.com/finance-banking/r-wealth-australia-sizing-market-opportunity-243887
Reasons to
Buy
- Benchmark your share of Australians wealth market
against the current market size.
- Forecast your future growth
prospects using our projections for the market to 2019.
- Identify your most promising
client segment by analyzing the penetration of affluent individuals in
Australia.
- Evaluate your HNW proposition by
understanding how the local tax system affects your HNW clients.
- Review your offshore strategy by
learning HNW motivations for offshore investments and their preferred booking
centers.
Table of
Contents
Executive
Summary
Australians wealth market continues to represent a
sizable opportunity for wealth managers
Key findings
Critical success factors
Sizing And Forecasting The Australian Wealth
Market
By 2019 affluent individuals will constitute 35% of
Australias adult population
Australians affluent population is
forecast to record an AAGR of 9.3% between 2015 and 2019
HNW individuals account for 1.1%
of adults but hold 38.2% of liquid assets
Affluent individuals hold 90% of
Australian retail liquid assets
Australians onshore wealth is
concentrated in the populous states of the eastern seaboard, while growth is to
be found in the west and north
Drivers Of Growth In The Australian Wealth
Market
While still impressive, retail
savings and investment market growth dropped in 2015
Australias investment market is
forecast to perform strongly despite weak economic conditions
Australians love affair with
equities is not expected to come to an end any time soon
Growing at above market rate,
retail deposit holdings will remain the largest asset class
Deposit growth will continue to
outstrip GDP growth
…
Continued
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